Banking Management System: Core Transaction 1 (Loan Application, Loan Client Information, Loan Processing Approval, Loan Payment Monitoring Loan Restructuring)

Abstract

Core Transaction 1 is a sub-system that focuses on loan processing problem that ensure all records of the clients that must be updated with important files, to organize the processing system, client records should be secured that all data should kept from those people who wants to access the confidential records, including employees, volunteers, individuals on work experience, students placements, and easy approval, the tiring part when applying for loan from banks and other institution are paper works that have to be submitted. For loan approvals processing many are resorting in getting loans, financial needs, such as tuition fees, small business, and personal loan. The development team used the agile scrum as a methodology for the system. The proponents begin to plan and conduct an interview to learn the company’s problem and what solution, can be used. The development team designs the system according to the system requirements and deploys it for the test results. The proponents manage to gather more information about the risk and the process of every module that the client and employee’s loan approving requirements, computations of loan, credit investigation and declining. All buttons in the system are clickable, messages for notification are seen with the other sub-modules. Connection from one system to another is observed. Generating of reports is fully done. After the proponents conduct a several tests for each sub-module, banking management system provides a secured system with user’s restriction for core transaction that makes transaction safe in data information and the authorized person avoids unwanted users access and keeping it automated for easier and faster transaction. Loan process can be a straightforward, simple and easy process to navigate.